MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Profit and Loss

Ramu bought a...

Question

Ramu bought a bicycle for ₹ 2000. He sold that bicycle for ₹ 2300. Calculate the profit (in rupees).
300

Open in App

Solution

The correct option is A 300
Amount spent on buying the bicycle = ₹ 2000
Amount received by selling the bicycle = ₹ 2300

Since the selling price is greater than the orginal price, Ramu got a profit.

Profit = ₹ 2300 - ₹ 2000 = ₹ 300

Suggest Corrections

thumbs-up

1

Similar questions

Q. Harsha bought a bicycle for ₹ 4000. He spent ₹ 500 on maintenance and sold it for ₹ 6000. Find his loss/profit percent on selling this bicycle.

Q. Ramu marked his bicycle at 800. He sold it without offering any discount. The price at which he bought it was 500. Find his profit percentage.

Q. A trader bought eight bicycles at the rate of

₹ 1400

per bicycle. He sold them all for a total of

₹ 12, 800

. How much profit or loss did he make per bicycle?

Q. A man sold a bicycle for an amount which was greater than

400

by half the price he bought it for, and made a profit of Rs.

300

. How much did he buy the bicycle for?

Sahil bought a second-hand bicycle for ₹3000 and then spent ₹1000 on repairs. He sold it for ₹5000. What is the profit or loss %?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Profit and Loss

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Profit and Loss

Standard V Mathematics

Join BYJU'S Learning Program

CrossIcon